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India Weighs Liberalizing Retail Sector

India is likely to further liberalize direct foreign investment in its retail sector in the next two to three months, Commerce and Industry Minister Kamal Nath said.

Mr. Nath said India is looking very closely at allowing foreign ownership of multibrand stores in sectors such as electronics, sporting goods and stationery. It currently allows 51% direct foreign investment in single-brand retail, but doesn't allow foreign companies to establish full-fledged outlets such as hyper- or supermarkets.